The Federal Reserve continued its relaxation of crypto oversight on Friday with a move to shut down a two-year-old supervisory program intended to keep a special eye on banks’ crypto ties, instead folding that task back to its day-to-day oversight work. The central bank established its short-lived Novel Activities Supervision Program during the tenure of […]
Digital asset treasury (DAT) firms, seen as high-beta plays on crypto prices, sold off sharply on Friday as the August crypto rally showed signs of exhaustion. Strategy (MSTR) fell another 3% on Friday, extending its decline to 20% since July’s high and 33% from the November 2024 all-time high. The MSTR/IBIT ratio dropped to 5.43, […]
Stellar lumens (XLM) traded in a tight range over the past 24 hours, holding between $0.42 and $0.43 from Aug. 14 at 15:00 UTC through Aug. 15 at 14:00 UTC. The token saw measured gains before late-session profit-taking pushed prices 1% lower to $0.43 in the final hour of trade. CoinDesk Data’s technical analysis model […]
Czech police have detained convicted drug trafficker Tomáš Jiřikovský, the man behind a multi-billion-dollar bitcoin donation to the country’s Ministry of Justice, escalating a scandal that has already claimed a cabinet minister. The Supreme Public Prosecutor’s Office said Thursday that the National Centre for the Fight Against Organised Crime (NCOZ) intervened in the case, securing […]
HBAR posted sharp price swings over the 24 hours between Aug. 14 at 15:00 and Aug. 15 at 14:00, moving within a $0.015 range, a 6% gap between the day’s high of $0.259 and low of $0.244. The token faced heavy selling pressure early in the session, bottoming at $0.244 around 21:00 on Aug. 14 […]
Treasury Secretary Scott Bessent began Thursday by dashing the hopes of at least some bitcoiners, saying the Strategic Bitcoin Reserve would be made up of the $15 billion to $20 billion already held by the government, but that there was no intention of making any fresh purchases. He ended the day, however, by seemingly contradicting […]
Wall Street bankers are hammering away at some provisions of the new U.S. stablecoin law that was hailed by President Donald Trump and the crypto sector as a huge first step toward establishing a fully regulated U.S. industry, and the banks are joined by unusual bedfellows from the consumer-advocate world in sounding alarms. Hoping to […]
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Thursday sanctioned a network of companies, exchanges and executives linked to shuttered Russian crypto exchange Garantex and the ruble-backed stablecoin A7A5, accusing them of helping Moscow skirt international sanctions. Garantex, founded in 2019 and once licensed in Estonia, processed more than $100 million in transactions […]
Polygon’s POL token tumbled 6% on Thursday, falling through key support levels as higher-than-expected U.S. inflation data shook risk assets. POL traded in a wide 10% range over the past 24 hours, climbing from $0.25 to $0.26 in early trading before reversing sharply, data from CoinDesk Analytics shows. A burst of selling sent the token […]
Crypto prices slipped Thursday after an unexpectedly hot PPI inflation print, but analysts said it’s just a pullback within the rally. The CoinDesk 20 Index of largest cryptocurrencies fell 2.1% over the past 24 hours, with bitcoin (BTC) dropping 2.3%. XRP (XRP) lost 4.6% with ether (ETH) outperforming by edging down 0.7%. “The pullback is, […]
Bitcoin (BTC) has mounted another attempt for a fresh all-time record climbing near $123,000, a four-week high during the Wednesday U.S. session. Two previous attempts, spiking to $122,300 on Monday and topping $123,000 on July 14, were met with heavy selling, knocking down prices intraday below $120,000 on both occasions. Ethereum’s ether (ETH) was also […]
Donald Trump’s dismissal two weeks ago Bureau of Labor Statistics Commissioner Erika McEntarfer and nomination of EJ Antoni as her replacement is generating plenty of “inside baseball” chatter among the political class. But did the president — as uncouth and ham-handed as his methods are — stumble upon a truth that was hiding in plain […]